Industrials, Automotive Oct 05, 2021 05:05 PM (GMT+8) · EqualOcean
Financial Associated Press, October 5 - Weima automobile announced today that the company is expected to obtain more than $300 million in D1 round of financing. This round of financing is led by PCCW and Sindh group, and the investors include Guangfa Sindh's US dollar investment institutions. Weima also said that the company will then sign D2 round of financing agreements with several other internationally renowned investment institutions, and the total amount of this round of financing is expected to reach about US $500 million. Weima plans to use this round of financing loans for the R & D of driverless and other intelligent technologies and products, as well as the expansion of sales and service channels.
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